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Palmboomen Cultuur Maatschappij Mopoli (Palmeraies De Mopoli) N.V. — Management Reports 2009
Nov 30, 2009
9968_ir_2009-11-30-000000_93670599-8618-4250-9505-fe8adb4afca3.pdf
Management Reports
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PALMBOOMEN CULTUUR MAATSCHAPPIJ - MOPOLI N.V.
INTERIM MANAGEMENT STATEMENT
(Period from 01/07/2009 to date)
During the period, the operating profit amount 34 thousand EUR (including interim dividend of Socfinal).
Financial incomes have deeply decreased (39 thousand EUR compare to 377 thousand for the previous exercise) due the low level of short term interest rates.
The Extraordinary General Meeting hold on the 10th June 2008 authorized the company to buy back its own shares pursuant article 2:98 of the Dutch Civil code. Since 01st July 2009, no ordinary shares has been buy back by Mopoli.
Mopoli expects a re-evaluation of its available for sales instruments with a net positive impact of 2.5 million EUR on the consolidated equity. Final evaluation will be done at market price at the closing date.
The management do not foresee any specific or noted any new uncertainties that the company should have to face for the end of the current financial year.
The Directors.